YORK, Aug. 23, 2023 /PRNewswire/ -- The Color
World Cup - WBA World Tour hosted by Color Star Technology Co.,
Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an
entertainment technology company with a global network that focuses
on the application of technology and artificial intelligence in the
entertainment industry, and the World Boxing Association (the
"WBA") will officially take place in Dubai on the 26th of August, 2023. The
event organizers will hold a press conference in Dubai on the 25th of August, where WBA
officials will be present. Dozens of media personnel will be
invited in order to promote the event.
The event has garnered worldwide attention since its initial
announcement. Tickets sold quickly immediately after it was made
available, and all the publicity and advertising has built up great
anticipation for the tournament. The Company decided to hold a
press conference on the eve of the competition in order to share
more information about the competition and its participants with
the audience. Color Star invited dozens of influential media
outlets to be present at the conference to help promote and create
anticipation for the event. During the press conference, the
contestants will be unveiled together with the event schedule, and
the fighters will undergo weigh-ins and other pre-fight procedures.
Journalists will also be invited to ask questions regarding the
The Color World Cup - WBA World Tour will officially take place
on the 26th of August at 19:00 local time in Dubai.
Louis Luo, CEO of Color Star
Technology, said, " Color Star has organized many sports events
before, they greatly improve brand awareness and the commercial
value of our Company. Our cooperation with the WBA during a very
prosperous time for the live events industry could not be more
beneficial. In order to make sure this World Tour succeeds, we have
done a lot of work and preparation. Not only did we put a lot of
effort into marketing and opening up multiple ticketing channels,
we also brought in many commercial partnerships to further bolster
the event. We believe that it has greatly increased the box office
performance as well as commercial profits generated from various
commercial cooperation such as TV broadcasting, e-commerce,
advertisement income, fighters' sponsors and commercial
sponsorships. It also evidences that the popularity of Color Star
has also grown considerably. We are planning a series of other
international sporting competitions in the near future, which we
believe will bring exciting entertainment to even more people."
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) is an
entertainment and education company that provides online
entertainment performances and online music education services. Its
business operations are conducted through its wholly-owned
subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The
Company's online education is provided through its Color World
music and entertainment education platform. More information about
the Company can be found at www.colorstarinternational.com
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantee of future performance and involve risks and uncertainties
that may cause the actual results to differ materially from the
Company's expectations discussed in the forward-looking statements.
These statements are subject to uncertainties and risks including,
but not limited to, the following: the Company's goals and
strategies; the Company's future business development, including
the development of the metaverse project; product and service
demand and acceptance; changes in technology; economic conditions;
the growth of the educational and training services market
internationally where ADD conducts its business; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the Securities and Exchange Commission. For these reasons,
among others, investors are cautioned not to place undue reliance
upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward–looking statements to reflect events
or circumstances that arise after the date hereof unless required
by applicable laws, regulations or rules.
SOURCE Color Star Technology Co., Ltd.